edumas2

Compression: which way will it go?

OANDA:GBPCAD   Paun British / Dolar Kanada
This is a bit unusual to get this level of compression.
Look at all those micro doji-like candles back to back.

Often times, those type of compression can result in a solid pop.
I think we are almost due.

I have ZERO clue where the pop will go.
That being said I see a few lines there in black that are often tagged as support before a swing higher.

Just an educated guess where I might take the trade.
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